BTC Update:
BTC break the resistance area of $37,000 and now trading near $37,750. Bitcoin made a high of $38,491 but unable to hold above the $38,000 area. The triangle in the picture is already broken downwards and not valid now but the long downtrend line is the major resistance which is around $38,100. BTC needs to break the downtrend line and hold above it. If BTC able to hold above the $38,100 area we see a retest of the $39,500-$40,000 area. Bulls are aggressive and BTC is bullish in lower time frames. If BTC unable to close above the $38,100 area we may see a retest of the $36,500 zone.
BTC break the resistance area of $37,000 and now trading near $37,750. Bitcoin made a high of $38,491 but unable to hold above the $38,000 area. The triangle in the picture is already broken downwards and not valid now but the long downtrend line is the major resistance which is around $38,100. BTC needs to break the downtrend line and hold above it. If BTC able to hold above the $38,100 area we see a retest of the $39,500-$40,000 area. Bulls are aggressive and BTC is bullish in lower time frames. If BTC unable to close above the $38,100 area we may see a retest of the $36,500 zone.